{"id":9190,"date":"2008-11-24T00:00:00","date_gmt":"2008-11-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-fume-about-cvc","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/hedge-funds-fume-about-cvc.html","title":{"rendered":"Hedge funds fume about CVC"},"content":{"rendered":"<p>The Australian &#8211; Hedge funds who invested in Channel Nine&#8217;s owner PBL Media are unhappy about a rescue package to refinance the group&#8217;s $4.3 billion in debt, The Asian Wall Street Journal has reported. <\/p>\n<p>Private equity group CVC Asia Pacific, the owner of 75 per cent of PBL Media, is &quot;scrambling&quot; to prevent PBL Media from defaulting on its $4.3 billion in debt, the paper said. If the group did default, PBL Media (the owner of Channel Nine and Australia&#8217;s largest magazine group ACP) could be placed in the hands of its bankers. <\/p>\n<p>The Australian last week revealed CVC was trying to negotiate a rescue package, which included raising an extra $325 million from its banks, of which about $250 million would go towards repaying PBL&#8217;s debt. <\/p>\n<p>PBL Media&#8217;s debt is held by nearly 40 creditors, including global banks and hedge funds. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.theaustralian.news.com.au\/story\/0,25197,24694752-7582,00.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian &#8211; Hedge funds who invested in Channel Nine&#8217;s owner PBL Media are unhappy about a rescue package to refinance the group&#8217;s $4.3 billion in debt, The Asian Wall Street Journal has reported. Private equity group CVC Asia Pacific, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[140,459,147,530,2075,2322,3841],"class_list":["post-9190","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-alan-greenspan","tag-asia","tag-journalism","tag-last-november","tag-private-banking","tag-sizeable-investments","tag-sydney-morning-herald"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9190"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9190\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}